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Investments in Unconsolidated Joint Ventures (Statements of Operations of the Joint Ventures) (Details) - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2023
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 14, 2023
Schedule of Equity Method Investments [Line Items]          
Total revenue   $ 3,273,569 $ 3,108,581 $ 2,888,621  
Expenses          
Transaction costs   4,313 2,905 5,036  
Depreciation and amortization   830,813 749,775 717,336  
Total expenses   2,239,227 2,050,056 1,920,581  
Other income (expense)          
Losses from early extinguishment of debt   0 0 (45,182)  
Interest expense   (579,572) (437,139) (423,346)  
Gain on sales-type lease   0 10,058 0  
Net Loss   291,424 1,020,584 631,932  
Income (Loss) from Equity Method Investments   (239,543) (59,840) (2,570)  
Straight Line Rent Adjustments   99,100 108,000 104,300  
Above and below market rent adjustments, net   19,200 9,100 4,200  
Unconsolidated Joint Ventures [Member]          
Schedule of Equity Method Investments [Line Items]          
Total revenue [1]   612,589 512,078 383,649  
Expenses          
Operating   239,947 198,632 158,498  
Transaction costs   301 837 470  
Depreciation and amortization   197,228 181,041 147,121  
Total expenses   437,476 380,510 306,089  
Other income (expense)          
Losses from early extinguishment of debt   (3) (1,327) 0  
Interest expense   (227,537) (154,065) (108,884)  
Unrealized gain (loss) on derivative instruments   6,582 (1,681) 0  
Gain on sales-type lease   2,737 0 0  
Net Loss   (56,272) (22,143) (31,324)  
Company's share of net income (loss)   (19,599) (2,551) (10,254)  
Gain on Sale of Investments   0 0 10,257 [2]  
Gain on Unconsolidated Joint Venture Investment   35,756 [3] 0 0  
Gain (loss) on sale / consolidation   28,412 [3],[4] 0 0  
Impairment loss on investment   (272,603) [5] (50,705) [5] 0  
Basis differential [6]   (11,509) (6,584) (2,573)  
Income (Loss) from Equity Method Investments   (239,543) (59,840) (2,570)  
Straight Line Rent Adjustments   28,700 62,900 17,200  
Above and below market rent adjustments, net   800 400 $ 400  
Unconsolidated Joint Ventures [Member] | Unconsolidated Properties          
Other income (expense)          
Impairment loss on investment   272,600      
Annapolis Junction NFM, LLC [Member]          
Other income (expense)          
Ownership Percentage       50.00%  
Annapolis Junction NFM, LLC [Member] | Unconsolidated Joint Ventures [Member]          
Other income (expense)          
Gain on Sale of Investments       $ 10,300  
Colorado Center [Member] | Unconsolidated Joint Ventures [Member]          
Other income (expense)          
Straight Line Rent Adjustments   1,500 $ 500 $ 800  
Dock 72 [Member] | Unconsolidated Joint Ventures [Member]          
Other income (expense)          
Impairment loss on investment   50,700      
200 Fifth Avenue JV LLC          
Other income (expense)          
Impairment loss on investment   $ 33,400      
Ownership Percentage [7]   26.69%      
200 Fifth Avenue JV LLC | Unconsolidated Joint Ventures [Member]          
Other income (expense)          
Impairment loss on investment   $ 33,400      
Safeco Plaza REIT LLC          
Other income (expense)          
Impairment loss on investment   $ 29,900      
Ownership Percentage [7],[8]   33.67%      
Safeco Plaza REIT LLC | Unconsolidated Joint Ventures [Member]          
Other income (expense)          
Impairment loss on investment   $ 29,900      
Platform 16          
Other income (expense)          
Impairment loss on investment   $ 155,200      
Ownership Percentage [7],[9]   55.00%      
Platform 16 | Unconsolidated Joint Ventures [Member]          
Other income (expense)          
Impairment loss on investment   $ 155,200      
360 PAS Holdco LLC          
Other income (expense)          
Impairment loss on investment   $ 54,000      
Ownership Percentage [7],[10]   71.11%      
360 PAS Holdco LLC | Unconsolidated Joint Ventures [Member]          
Other income (expense)          
Impairment loss on investment   $ 54,000      
Santa Monica Business Park [Member]          
Other income (expense)          
Ownership Percentage [11]     55.00%    
Santa Monica Business Park [Member] | Joint Venture Partner [Member]          
Other income (expense)          
Ownership Percentage         45.00%
Hotel Tower Developer LLC [Member]          
Other income (expense)          
Ownership Percentage   50.00%      
Hotel Tower Developer LLC [Member] | Unconsolidated Properties | Hub on Causeway - Hotel Air Rights          
Other income (expense)          
Gain on sales-type lease $ 2,700        
Ownership Percentage 50.00%        
[1] Includes straight-line rent adjustments of approximately $28.7 million, $62.9 million and $17.2 million for the years ended December 31, 2023, 2022 and 2021, respectively.
[2] During the year ended December 31, 2021, the Company completed the sale of its 50% ownership interest in Annapolis Junction NFM LLC. The Company recognized a gain on sale of investment of approximately $10.3 million.
[3] During the year ended December 31, 2023, the Company completed a restructuring of its ownership in Metropolitan Square, as described below in this Note 6.
[4] During the year ended December 31, 2023, the Company acquired its joint venture partner’s 45% ownership interest in Santa Monica Business Park, as described below in this Note 6.
[5] During the year ended December 31, 2023, the Company recognized an other-than-temporary impairment loss on its investments in Platform 16, 360 Park Avenue South, 200 Fifth Avenue and Safeco Plaza of approximately $155.2 million, $54.0 million, $33.4 million and $29.9 million, respectively, as described below in this Note 6. During the year ended December 31, 2022, the Company recognized an other-than-temporary impairment loss on its investment in the unconsolidated joint venture that owns Dock 72 in Brooklyn, New York totaling approximately $50.7 million.
[6] Includes straight-line rent adjustments of approximately $1.5 million, $0.5 million and $0.8 million for the years ended December 31, 2023, 2022 and 2020, respectively. Also includes net above-/below-market rent adjustments of approximately $0.8 million, $0.4 million and $0.4 million for the years ended December 31, 2023, 2022 and 2021, respectively.
[7] During the year ended December 31, 2023, the Company recognized an other-than-temporary impairment loss on its investment.
[8] The Company’s ownership includes (1) a 33.0% direct interest in the joint venture, and (2) an additional 1% interest in each of the two entities through which each partner owns its interest in the joint venture.
[9] At December 31, 2022, this entity was a VIE.
[10] On December 14, 2023, the Company completed the acquisition of all of one of its joint venture partners ownership interest. As a result of this acquisition, at December 31, 2023, the Company’s ownership includes (1) a 35.79% direct interest in the joint venture, (2) an additional 35.02% indirect ownership in the joint venture, and (3) an additional 1% interest in the entity through which the partner owns its interest in the joint venture. The Company’s partner will fund required capital until its aggregate investment is approximately 29% of all capital contributions; thereafter, the partners will fund required capital according to their percentage interests. At December 31, 2022, the Company’s ownership included (1) a 35.79% direct interest in the joint venture, (2) an additional 5.837% indirect ownership in the joint venture, and (3) an additional 1% interest in each of the two entities through which each partner owns its interest in the joint venture.
[11] During the year ended December 31, 2023, the Company completed the acquisition of its joint venture partner’s 45% ownership interest in Santa Monica Business Park, as described below in this Note 6 and Note 3.